Intentar ORO - Gratis
Loan write-offs are not waive-offs, says FM
The New Indian Express Tirunelveli
|March 27, 2025
Amid criticism over large write-offs, FM says banks are empowered legally to chase defaulters and recover money
FINANCE minister Nirmala Sitharaman has defended the massive write-offs of bad loans by banks (to the tune of Rs 16.35 lakh crore in the past 10 years) saying bad loan write-offs do not mean waive-offs and that banks are empowered legally to chase the defaulters and recover the money.
Since the insolvency and bankruptcy regime has come into force in May 2016, banks' bad loan pile has come down massively—from around 13% in FY14 to a low of 2.5% in terms of gross NPAs and over 4% in net NPAs to a low of 0.65% as of December 2024. But this has come at a huge cost to banks as the recovery through the Insolvency and Bankruptcy Code has only averaged at 32% in all these years.
Esta historia es de la edición March 27, 2025 de The New Indian Express Tirunelveli.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE The New Indian Express Tirunelveli
The New Indian Express Tirunelveli
DMK govt prioritised commercialisation of temple assets: Ramesh
CHARGING the previous DMK regime with prioritising the commercialisation of temple assets for generating revenue over providing basic amenities to devotees, HR&CE Minister S Ramesh told the Tamil Nadu Assembly on Monday that the TVK government had recently cancelled several marriage hall and commercial complex projects initiated during the previous regime.
1 min
June 23, 2026
The New Indian Express Tirunelveli
A new way to catch lung cancer early
UMA Prakash had never smoked a day in her life. A 54-year-old schoolteacher from Kochi, she had breathed the city’s traffic-clogged air for three decades.
2 mins
June 23, 2026
The New Indian Express Tirunelveli
India-US trade deal: Apple growers seek protection and write to Modi
AHEAD of India-US negotiations on trade, apple growers from Himachal Pradesh, Jammu and Kashmir and Uttarakhand have written a letter to Prime Minister Narendra Modi, urging him not to accept any provision that could compromise the interests of growers of apples, almonds, walnuts and other horticultural crops.
1 min
June 23, 2026
The New Indian Express Tirunelveli
Another loss could cost India the WC
AS an emotional Marizanne Kapp let out a roar at the Old Trafford, Manchester on Sunday evening, India had suffered at the hands of South Africa in the Women’s T20 World Cup.
1 min
June 23, 2026
The New Indian Express Tirunelveli
Rebel MLAs remove Didi as TMC chief, suspend nephew
WEST Bengal politics took a dramatic turn on Monday as the rebel “real Trinamool” camp led by Leader of Opposition Ritabrata Banerjee removed former chief minister Mamata Banerjee as party chairperson and stripped MP Abhishek Banerjee of his post as national general secretary.
1 min
June 23, 2026
The New Indian Express Tirunelveli
CISF plans to set up data fusion centre in Delhi to ramp up aviation security
IN a significant move aimed at bolstering aviation security and streamlining passenger movement, the Central Industrial Security Force (CISF) has proposed setting up a Data Fusion Centre in Delhi that will integrate surveillance systems, including facial recognition technology, across major airports in the country.
1 min
June 23, 2026
The New Indian Express Tirunelveli
Test can give false alarm or sense of assurance
PROMINENT oncologist Dr Aju Mathew, consultant oncologist, Malankara Orthodox Syrian Church Medical College, Kolenchery, breaks down the implications of a new inflammation-focused lung cancer blood test and explains its clinical challenges, limitations and future outlook to Unnikrishnan S. Edited excerpts:
2 mins
June 23, 2026
The New Indian Express Tirunelveli
Core sector growth slows to 7-mnth low of 0.5% in May
INDIA’S core infrastructure sector growth touched seven-month low to 0.5% year-on-year in May, due to fall in the growth in energy sector such as coal, natural gas, refinery products, as per the provisional data released by the Commerce and Industry Ministry on Monday.
1 min
June 23, 2026
The New Indian Express Tirunelveli
WHERE MIND IS NOT WITHOUT FEAR
EVERY year, more than 8.4 lakh people die globally from health conditions linked to toxic workplaces.
3 mins
June 23, 2026
The New Indian Express Tirunelveli
C'garh village loses 'donkey' tag, pride restored
SHAKESPEARE famously asked, “What's in a name?” suggesting that a rose by any other name would smell as sweet. But for the residents of a small village in Chhattisgarh’s Kawardha district, a name meant the difference between daily embarrassment and generational dignity: For decades, the village carried the hapless name of “Gadhabhata” (historically a place associated with donkeys).
1 min
June 23, 2026
Listen
Translate
Change font size